Finance
By: Shree1news, 09 FEB 2021
Bhubaneswar: In a boost to industrial activities in Odisha, the State government today authorized eight projects worth Rs 1,242.02 crore throughout industries.
During the 98th meeting of the State Level Single Window Clearance Authority (SLSWCA) below the chairmanship of Chief Secretary Suresh Chandra Mahapatra, the eight projects within the metal and metal downstream, IT and ESDM, manufacturing, logistics and tourism sectors acquired the in-principle approval. The projects are expected to generate 3,135 employment opportunities within the State.
The details of the eight projects are as follows:
● A 30,000-MTPA Atomized Iron Powder plant with an investment of Rs 67.83 crore will likely be set up by M/s SLM Powders Private Limited in IDCO – Kalunga Industrial Estate, Sundergarh. The venture will generate potential employment opportunities for over 430 individuals.
● A manufacturing unit of PET Preforms and Closures (Unit-II) of 24,000 tonnes /annum capability for the Food and Beverage Industries to be set up by M/s Oricon Enterprises Ltd in Khordha with an investment of Rs 120 crore, which will generate potential employment opportunities for over 110 persons.
● A manufacturing unit for production of solar panel, advanced storage batteries like Li-ion Battery, Electronics Products for Energy Management, Electromechanical Components and USB data cable and HDMI cable by M/s Surya International at EMC Park (Info Valley), Khordha district with an investment of Rs 67.50 crore, which can generate potential employment opportunities for over 680 individuals.
● A Logistics Park by M/s Jagannath Industrial and Logistics Parks Private Limited at Tangi Choudwar in Cuttack with an investment of Rs 140 crore, which is able to generate potential employment opportunities for over 110 individuals.
● Integrated Heavy Beach Sands Project by IREL IDCOL Ltd. at Krushnaprasad in Puri with an investment of Rs 460 crore, which is able to generate potential employment opportunities for over 800 persons.
● A 5-star hotel-cum-luxury resort by M/s Pravat Hospitality Private Limited in Puri with an investment of Rs 135.69 crore, which will generate potential employment opportunities for over 350 individuals.
● A 5-star Luxury Resort by M/s Swosti Premium Ltd in Puri with an investment of Rs 134 crore, which is able to generate potential employment opportunities for over 310 individuals.
● A 4-star Hotel by Hotel Eden Roc in Bhubaneswar with an investment of Rs 117 crore, which is able to generate potential employment opportunities for over 345 individuals.
IPICOL recently submitted the State Reform Action Plan (SRAP) – 2020 as stipulated by DPIIT, Government of India. With this the State attracted investments worth of Rs 1,20,456.74 crore within the last one year throughout the six focused sectors.
Source: A-N
